Norway pension enlists RI researcher
Friday, 12 February 2010 12:00pm

The $430 billion Norwegian Government Pension fund has selected European responsible investment house, GES Investment Services, to screen its fixed income and equities portfolios for tobacco and weapons criteria.

The research mandate means GES will screen the fund's portfolios for companies that may be involved in the production of weapons and, separately, the sale of weapons and military material to the government of Burma.

The firm will also identify companies that manufacture tobacco products. The mandate starts next month and will run for four years.

The pension fund's equities and fixed income portfolio strategies includes more than 8,000 companies.

GES will also monitor those companies that have already been excluded from the fund's portfolio to certify the grounds for exclusion.

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